Independent Portfolio Consultants Lowers stake in Polaris Industries (PII)

Polaris Industries (PII) : Independent Portfolio Consultants reduced its stake in Polaris Industries by 12.4% during the most recent quarter end. The investment management company now holds a total of 26,067 shares of Polaris Industries which is valued at $2,307,190 after selling 3,690 shares in Polaris Industries , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Polaris Industries makes up approximately 0.70% of Independent Portfolio Consultants’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in PII in the latest quarter, The investment management firm added 7,689 additional shares and now holds a total of 37,629 shares of Polaris Industries which is valued at $3,330,543. Polaris Industries makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Cutler Group Lp reduced its stake in PII by selling 273 shares or 55.94% in the most recent quarter. The Hedge Fund company now holds 215 shares of PII which is valued at $18,832.Lau Associates reduced its stake in PII by selling 425 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 15,475 shares of PII which is valued at $1,318,934. Polaris Industries makes up approx 1.37% of Lau Associates’s portfolio.

Polaris Industries opened for trading at $87.55 and hit $88.99 on the upside on Monday, eventually ending the session at $88.51, with a gain of 0.50% or 0.44 points. The heightened volatility saw the trading volume jump to 11,74,726 shares. Company has a market cap of $5,720 M.

On the company’s financial health, Polaris Industries reported $0.71 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $983.00 million for the quarter, compared to analysts expectations of $966.43 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Polaris Industries. Polaris Industries was Downgraded by Raymond James to ” Mkt Perform” on Jul 12, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 84 from a previous price target of $97 .Shares were Reiterated by Lake Street on Jun 29, 2016 to “Buy” and Lowered the Price Target to $ 106 from a previous price target of $121 .

Polaris Industries Inc. (Polaris) designs engineers and manufactures off-road vehicles (ORV) including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use snowmobiles motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States Canada and Europe. The Company’s ORVs include core ATVs and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles consisting of 32 models ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory Indian motorcycles and three-wheel roadster motorcycle Slingshot. The Company offer products in the light-duty hauling people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

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